Shenandoah Miami Real Estate Market Update: August 2026

The six closed sales ranged from $695,000 to $2.35 million, selling for $438 to $797 per square foot (median: $497/sq ft), with a median of 43 days on market. Collectively, these sales closed at about 93.4% of original list price and 97.2% of final list price, a gap that reflects how initial pricing and subsequent price adjustments during a listing’s time on market shape the eventual sale price.

The high end of August’s range, $797 per square foot, came from 1366 SW 15th Street, a newly built 2,947-square-foot home that sold for $2.35 million. While that was the highest price per square foot among August closings, it was not the neighborhood’s high for 2026. Earlier this year, the renovated 1940 home at 2332 SW 19th Terrace, measuring 1,285 square feet, sold for $1.089 million, or approximately $847 per square foot. Smaller homes can naturally command a higher price per square foot, particularly when extensively renovated, which is why price-per-square-foot comparisons should account for both a home’s size and condition.

That spread is wide enough to matter. Shenandoah includes homes of very different ages, sizes, architectural styles, renovation levels, layouts and lot characteristics. Neighborhood-wide figures are a useful gauge of overall market direction, but they are not a substitute for evaluating an individual property on its own merits.

Curious how your Shenandoah home compares to recent sales?